U.S. seeks to seize $61 million of crypto it claims are proceeds from Iranian petroleum sales to Chinese buyers
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Source: CNBC
Published: 2026-09-15 17:05 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Defence, Middle East, Asia, Military & Defence, Iran, Energy, Economy & Finance, China, Financial Markets, Business & Economy, War & Conflict, Asia Pacific, Retail, Technology
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Snippet:
The U.S. has filed a civil forfeiture complaint against $61 million in cryptocurrency that it alleges proceeds from black-market sales of sanctioned Iranian crude oil and petroleum products.The complaint, brought by the U.S. Attorney's Office for the Southern District of New York, alleged Tehran used a network of cryptocurrency actors in China and elsewhere to launder more than $1.5 billion in illicit oil money intended to benefit the Iranian military and the Islamic Revolutionary Guard Corps.
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